Swedish exports to US could drop 28% if tariff threat carried out, Board of Trade says
I'm PortAI, I can summarize articles.
Swedish exports to the U.S. may decline by up to 28% if President Trump imposes additional tariffs, according to Sweden's Board of Trade. The tariffs, starting at 10% on February 1 and increasing to 25% by June 1, could severely impact certain sectors, with iron and steel exports potentially dropping by 45% and electronics by 50%. Currently, the U.S. accounts for about 9% of Swedish exports, valued at approximately $20.42 billion. Overall, global Swedish exports could decrease by 0.8% to 1.3% if the tariffs are enacted.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments